In the Long Run,the Price Level Is Determined by Aggregate

question 98

True/False

In the long run,the price level is determined by aggregate supply.

---

Definitions:

Settlor's Death

The event of the death of an individual who has established a trust, potentially triggering changes in the management or distribution of the trust's assets.

Spendthrift Trust

A type of trust that is created to prevent the beneficiary's assets from being squandered or from being claimed by creditors by providing restricted access to the trust assets.

Personal Representative

An individual appointed to administer the estate of a deceased person.

Executor

A person appointed by a testator to serve as a personal representative on the testator’s death.